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down to have our deficit reduced to 3% by 2015 because of the fact of a program of assistance from from the e.u. and the imf. we are now actually ranked number one in the world for skilled labor. economic recovery in itself is never in and of itself in keeping with the democratic ideas as for what recovery can do for the people in terms of the social impact of the contribution they can make to their localities into their country. political will, culture and social and economic and that recovery and all its potential has come following a very hard piece in ireland. we have some experience of this and to contribute validly too many contributions around the world. in fact the president made the point that since the united nations was founded ireland is the one country, the one country small though it is that can validly point to personnel and peacekeepers and in some location around the world on peacekeeping missions and humanitarian missions since the u.n. was actually founded. you are well aware of the troubles in ireland over a 40-year period and how painful that was and how it affected
the foundation of our power. we need to do this. deficit reduction is a national security imperative that we need to be -- we need to be a lot smarter about how we go about it. is the notice we haven't had a budget since i became chairman of the joint chiefs and for some time before that. sequestration is quite simply the most a response to the way possible to manage the nation's defense. he is the antithesis. when a budget certainty, time and flexibility. sequestration compromises readiness and compounds risk. left unaddressed, it could lead to a security gap, lapse in coverage against the dresser and national security interest. it's also the law i'm hopeful but not all that optimistic that magnitude a mechanism will be defused in some future budget deal. in the meantime we have no choice which is of course our worst-case scenario. so are you feeling afflicted? if you are coming you're in good company. the coverage to continue my insurance metaphor may be a little less than what you're used to, but still the best available and it will get better in time. here's very hope that confidence brings c
that it is the entitlement program -- social security and medicare, the primary drivers of our debt and deficit. this is a simple amendment. it says it establishes a budget point of order that any budget resolution that is brought forward that does not count or does not prepare a 75 year solvency for social security and medicare would be out of order. in the next 20 years we'll be paying out $5.1 trillion in benefits in excess of what we are bringing in in terms of dedicated revenue to the payroll tax. the unfunded liability of social security is $20.5 trillion. for medicare the unfunded liability is $42.8 trillion. these programs must be reformed so they are saved for future generations. again, i would hope everybody would support -- the presiding officer: the senator's time has expired. mr. johnson: -- any budget that does not have 57 year solvency. the presiding officer: the senator from washington. mrs. murray: social security and medicaid played a critical role in providing a foundation of financial security and health care for hundreds of millions of americans over the decades. democrats
Search Results 0 to 2 of about 3